RB Capital Management LLC Takes $1.10 Million Position in Hershey Company (The) $HSY

RB Capital Management LLC purchased a new stake in shares of Hershey Company (The) (NYSE:HSY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,301 shares of the company’s stock, valued at approximately $1,105,000.

Other hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hershey by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,310 shares of the company’s stock valued at $2,618,000 after purchasing an additional 937 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Hershey by 20.2% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company’s stock valued at $116,000 after buying an additional 117 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Hershey in the 2nd quarter worth about $267,000. Bank of Nova Scotia increased its holdings in Hershey by 4.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,927 shares of the company’s stock worth $2,975,000 after buying an additional 769 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Hershey by 5.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,247 shares of the company’s stock worth $3,692,000 after buying an additional 1,149 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hershey news, CFO Steven E. Voskuil sold 1,500 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.00, for a total value of $255,000.00. Following the completion of the sale, the chief financial officer owned 53,195 shares in the company, valued at $9,043,150. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HSY shares. Jefferies Financial Group set a $190.00 price target on shares of Hershey in a report on Thursday, July 16th. Evercore set a $225.00 price objective on shares of Hershey in a report on Thursday, July 23rd. Barclays lowered their price objective on shares of Hershey from $208.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. UBS Group raised their target price on shares of Hershey from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group set a $240.00 target price on shares of Hershey in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $204.78.

Hershey Stock Performance

HSY opened at $179.34 on Friday. Hershey Company has a 12-month low of $161.43 and a 12-month high of $239.48. The company has a market cap of $36.03 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.10 and a beta of 0.11. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $179.18 and its 200 day moving average is $194.54.

Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.47. Hershey had a net margin of 12.24% and a return on equity of 31.92%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter last year, the company posted $1.21 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Hershey has set its FY 2026 guidance at 8.360-8.520 EPS. On average, equities research analysts predict that Hershey Company will post 8.49 EPS for the current year.

Hershey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a dividend of $1.452 per share. This represents a $5.81 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 14th. Hershey’s payout ratio is currently 79.37%.

Hershey Profile

The Hershey Company (NYSE: HSY) is a leading North American chocolatier and snack manufacturer headquartered in Hershey, Pennsylvania. The company develops, produces and markets a wide range of confectionery and snack products for retail, foodservice and international customers. Hershey’s business spans manufacturing, branded product marketing, packaging and distribution across grocery, convenience, mass merchant and e-commerce channels.

Hershey’s product portfolio centers on chocolate and sugar confectionery, including core brands such as Hershey’s, Reese’s, Hershey’s Kisses and Twizzlers, alongside non-chocolate snacks and confectionery brands.